PDVSA board member says only Chevron (CVX) are currently exporting Venezuelan crude; "We do not owe anything to the US"; if the US wants to have Venezuela's oil supply, it must pay for cargoes at international prices

PDVSA board member says only Chevron (CVX) are currently exporting Venezuelan crude; "We do not owe anything to the US"; if the US wants to have Venezuela's oil supply, it must pay for cargoes at international prices.

This statement from a PDVSA board member emphasizes that Chevron is the sole company currently exporting Venezuelan crude, framing the U.S. as needing to pay international prices for access to this supply. This could signal potential supply tightness for U.S. markets and influence oil prices, particularly if further restrictions or negotiations arise between the U.S. and Venezuela. Investors should monitor how this impacts the geopolitical landscape and the broader oil market outlook.